In my mind I tabled the manner as we had more pressing things to tend do and I needed everyone to be in work mode.To make the matter worse upon my arrival he had done no work, just small demolition he charged me over 1000 to do, and it wasnt even 100% complete by the time I got there. 

Most of that stuff is built on the sides of a mountain.

Hey Phil, I remember that jittery mix of excitement and nerves when I decided to step up from the smaller stuff.. it can feel like you’re eyeing a big mountain and wondering if you’ve packed the right gear.

So I’m trying to see if I take that equity off the table and re-invest the sale proceeds in another market across more doors where we’ll see better appreciation, OR if we continue keeping it as a rental and work on principal pay down even though the rental price has been coming down and the home is not the easiest to fill because of the above average price for the C- to B neighborhood.Ultimately, my stated goal has been to build appreciation (over cash flow) by acquiring 1-4 doors per year for the next 10 years to allow my wife to retire (or be work optional) by the time she's 50.

Me and my partner both bring things to the table that the others don't.

I really scaled up my number of doors the last couple of years and didn't bring any new processes to the table and it feels like a mess.

I am hoping a small profit is still on the table, but time will tell.If anybody tells you the delays are due to permitting within the City of Cape Coral, I would argue you are being misadvised.  

Some folks want a seat at the table and real control, while others prefer to be passive.. letting the sponsor do the heavy lifting.From what I read in The Economist, some markets (like Phoenix) are experiencing fresh pockets of growth in multifamily, so it’s definitely worth exploring if you’re eyeing future expansion.

With completing a 1031 exchange into a more expensive property, their depreciation table would reset as well, providing an even greater benefit. 

Maybe you  can try a joint partnership with an experienced Investor/flipper and get your feet wet , you would be bringing capital to the table so I am sure many people would like to do that with you:)